- Last week, the Connecticut Senate passed the “Times Up Act,” which would hold companies in the state to rigorous new harassment prevention requirements. The legislation would not only create new training mandates (similar to those in New York and California) for employers, but give workers more time to file discrimination- and harassment-related claims, lawsuits, and criminal charges.
These are just a few of the jurisdictions in which employers face stricter harassment prevention laws. Other states—including Alaska, Delaware, Louisiana, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, Pennsylvania, Rhode Island, South Carolina, Tennessee, Vermont, and Washington—have recently passed bills that require harassment prevention training, expand protections for victims of harassment, and limit the use of arbitration and non-disclosure agreements
Higher Risk Management Standards for Insurers
For brokers, the various new anti-harassment rules and regulations are opportunities to deepen relationships with new and existing clients, and provide greater value than the competition.
Many insurance companies specialize in either employee benefits or property and casualty liability. These days, clients need tools and expertise in both. Moreover, risk management needs have evolved beyond tangible and direct costs. Uncertainties such as workforce disengagement, turnover, reputational damage, lawsuits, and other potentially catastrophic situations matter as much—if not more than—a $500 fine from the Occupational Safety and Health Administration or an $8,000 workers’ compensation claim.
Unusually broad language in some new state laws compounds these uncertainties. In California, for instance, a hostile work environment can now be defined as anything other than an “emotionally tranquil workplace”. I don’t know about you, but I haven’t had an “emotionally tranquil” day for 14 years—and I work from home.
All of which is to say that as laws change, so do your clients’ worries and expectations. Businesses are looking for savvy brokers who are up-to-date on recent legislation and able to add value to the broker–client relationship.
Fortunately, if you’re reading this, you’re already far ahead of the competition. KPA’s white-label Risk Management Center provides brokers with a competitive edge to win new business and strengthen customer loyalty. Brokers who incorporate the RMC into their insurance sales arsenal are able to offer an effective and comprehensive risk management package other brokers cannot.
Learn more and schedule a free demo with us.